Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound

Source: International Business Times

Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday. Saul Loeb/AFP via Getty Images Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday after yields rebounded and erased the drop seen after the announcement. Speaking to CNBC, Bessent said the Treasury Department is going to "make a market" in longer-dated securities where yields have been climbing.